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Growing out of Crises and Recessions: Regulating Systemic Financial Institutions and Redefining Government Responsibilities

Boyer, Marcel - Centre Interuniversitaire de Recherche en Analyse des … - 2015

crises and economic recessions. I propose a brief history of the 2008 crisis and insist on the loss of confidence within the … confidence: the failure of the Federal Reserve Board to abide by its mission; the ill-advised political interventions in mortgage … confidence and move out of a bad and stable economic equilibrium. Considering data on gross job creation and loss in the US …

Persistent link: https://www.econbiz.de/10011183740

A model of the confidence channel of fiscal policy

guimaraes, bernardo; Machado, Caio; Ribeiro, Marcel - Centre for Macroeconomics (CFM) - 2014

This paper presents a simple macroeconomic model where government spending affects aggregate demand directly and indirectly, through an expectational channel. Prices are fully flexible and the model is static, so intertemporal issues play no role. There are three important elements in the model:...

Persistent link: https://www.econbiz.de/10011185806

Quantifying Confidence

Angeletos, George-Marios; Collard, Fabrice; Dellas, Harris - C.E.P.R. Discussion Papers - 2015

"confidence" and show that it helps account for many salient features of the data; it drives a significant fraction of the …

Persistent link: https://www.econbiz.de/10011186619

Preferences With Grades of Indecisiveness

Minardi, Stefania; Savochkin, Andrei - Collegio Carlo Alberto, Università degli Studi di Torino - 2013

Departing from the traditional approach to modeling an agent who finds it difficult to make clear-cut comparisons between alternatives, we introduce the notion of graded preferences: Given two alternatives, the agent reports a number between 0 and 1, which reflects her inclination to prefer the...

Persistent link: https://www.econbiz.de/10011188895

Confidence and decision

Hill, Brian - In: Games and Economic Behavior 82 (2013) C, pp. 675-692

confidence in his probability judgements according to the following maxim: the larger the stakes involved in a decision, the more … confidence is required in a probability judgement for it to play a role in the decision. A formal representation of the decision … makerʼs confidence is proposed and used to formulate a family of decision models conforming to this maxim. A natural member of …

Persistent link: https://www.econbiz.de/10011049884

Does austerity pay off?

Born, Benjamin; Müller, Gernot J.; Pfeifer, Johannes - Research Center SAFE (Sustainable Architecture for … - 2014

Policy makers often implement austerity measures when the sustainability of public finances is in doubt and, hence, sovereign yield spreads are high. Is austerity successful in bringing about a reduction in yield spreads? We employ a new panel data set which contains sovereign yield spreads for...

Persistent link: https://www.econbiz.de/10011122544

The output effect of fiscal consolidation plans

Alesina, Alberto; Favero, Carlo; Giavazzi, Francesco - Research Center SAFE (Sustainable Architecture for … - 2014

the different response of business confidence and private investment. …

Persistent link: https://www.econbiz.de/10011122547

Subjective Risk, Confidence, and Ambiguity

Traeger, Christian P. - Department of Agricultural and Resource Economics, … - 2011

the present model takes into account his confidence in beliefs when evaluating general uncertain situations. From an … his confidence in the uncertainty assessment of a particular setting. …

Persistent link: https://www.econbiz.de/10011130823

Confidence and financial crisis in a post-Keynesian stock flow consistent model

Heron, Edwin Le - In: European Journal of Economics and Economic Policies: … 8 (2011) 2, pp. 361-387

economic crisis is the 'confidence channel', i.e. that the financial crisis affected firms, banks and householdsâ …€™ expectations and confidence, thus leading to what they were fearing. And I propose to model expectations and the state of … confidence of private agents to use the indexes calculated by national statistical services from monthly polls. …

Persistent link: https://www.econbiz.de/10011133327

Identifying growth characteristics in the Polish small firm stratum

Mulhern, Alan - School of Economics, Kingston University - 2003

Polish small firm policy stresses the importance of tying support measures to firm performance and intention to grow. Polish small firms are smaller than their EU counterparts and are therefore considered to be at a competitive disadvantage. They are also vital for employment generation...

Persistent link: https://www.econbiz.de/10011071603